Press release
Nano Drones Market 2021 Exclusive Manufacturers – AeroVironment Inc., Aerix Drone, Extreme Fliers, Drona Aviation Pvt Ltd
The Global Nano Drones Market Report Forecast 2021 - 2025 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). Further, the report also takes into account the impact of the novel COVID-19 pandemic on the Nano Drones market and offers a clear assessment of the projected market fluctuations during the forecast period. The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.Click the link to Get a Free Exclusive Sample Copy of the Report:
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Top Key Players in the Global Nano Drones Market: AeroVironment Inc.; Aerix Drone; Extreme Fliers; Drona Aviation Pvt Ltd; Guangdong Cheerson Hobby Technology Co. Ltd; Mota Group Inc.; Parrot SA; Prox Dynamics; Skyrocket Toys LLC; Horizon Hobby; Lockheed Martin; Israel Aerospace Industries; Elbit Systems; Dajiang Innovation Technology Co.; BAE Systems; The Boeing Company; Thales Group; Textron
The global nano drones market is expected to decline from $757.11 million in 2020 to $974.75 million in 2021 at a compound annual growth rate (CAGR) of 28.7%. The change in growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The market is expected to reach $2,568.85 million in 2025 at a CAGR of 27.4%.
Market Overview and Regional Analysis:
The main types of nano drones are fixed-wing nano drones, rotor nano drones, flapping-wing nano drones, and others. Fixed-wing nano drones are used for ISR missions, surveying and mapping, search and rescue, and other aerial applications. The different payloads of nano drones include cameras, control systems, tracking systems, others and are used by various end-users such as consumers, military or law enforcement, and others.
North America was the largest region in the nano drones market in 2020. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The growing technological advancements are shaping the nano-drones market. In recent years, nano-drone technology has advanced intensely, allowing them to fly faster and deeper than ever before, as well as carry out complex surveillance missions. For instance, in December 2020, BAE Systems, a UK-based aerospace company in collaboration with UAVTEK, a UK-based drone manufacturer developed a super lightweight bug drone based on nanotechnology. The bug is a nano-unmanned aerial vehicle (UAV) that weighs 196g, about the same as a smartphone, has a 40-minute battery life, and a range of 2 kilometers. During a recent Army Warfighting Experiment (AWE) program conducted by the Ministry of Defence's Future Capability Unit, it was the only nano-UAV capable of surviving the harsh weather.
In January 2019, FLIR Systems, a US-based commercial company specializing in the design and production of thermal imaging cameras, components, and imaging sensors acquired Aeryon Labs for $200 million. This acquisition expands FLIRs unmanned system solutions with advanced airframes, sensors, and flight management software for government and defense customers. The contract also includes the deployment of the firm's FLIR Black Hornet 3 nano-unmanned drone to support operations by the French Armed Forces. Aeryon Labs is a Canadian developer and manufacturer of miniature unmanned aerial vehicles.
The increasing adoption of nano-drones by military bodies is contributing to the growth of the nano-drones market. Nano drones are being employed as a major military asset due to their ability to integrate a lot of capabilities into a small form factor. For instance, in May 2020, FLIR Systems, Inc., a US-based company that specializes in the design and production of thermal imaging cameras and sensors declared that it has been granted an extra $20.6 million deal from the USA Army to deliver its FLIR Black Hornet Nano-UAV Systems. Furthermore, in December 2020, the British army has purchased 30 nano bug drones to allow soldiers to spy on targets up to 2 kilometers (1.25 miles) away, marking the latest move in the contentious use of unmanned aerial vehicles by the military (UAVs).
Regional Analysis:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Significant Features and Key Highlights of the Reports:
– Detailed overview of Nano Drones Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc.
– Historical, current and projected market size in terms of volume and value.
– Recent industry trends and developments
– Competitive landscape of Nano Drones Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth.
Key questions answered
- Who are the Leading key players and what are their Key Business plans in the Global Nano Drones market?
- What are the key concerns of the five forces analysis of the Global Nano Drones market?
- What are different prospects and threats faced by the dealers in the Global Nano Drones market?
- What are the strengths and weaknesses of the key vendors?
The research includes historic data from 2016 to 2021 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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